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Boohoo buys Dorothy Perkins, Wallis and Burton but 2,450 jobs lost

Boohoo buys Dorothy Perkins, Wallis and Burton but 2,450 jobs lost

British online fashion retailer Boohoo has bought three clothing brands owned by the collapsed Arcadia retail group for 25.2mn pounds ($34.5mn). Boohoo bought the inventory and online businesses of Arcadia’s Dorothy Perkins, Wallis and Burton brands in a deal that didn’t include the brands’ 214 remaining shops nor 2,450 workers employed in them. The Arcadia businesses employed 13,000 people.

Simone
Simone
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